Sales were off slightly but pending sales took a big jump up.
Sales were off by 4% as compared to this time last year. The average Sales Price increased by 6% while the median sales price rose 5%. Pending sales took a huge jump up 43% so March sales should be up substantially. There was a 9% increase in the number of new listings but this only increased the active listings number by 1% and left the months of inventory the extremely low number of 0.8 months. Until we start to see substantial increases in the active listings the market will remains in favor of the sellers.
Average Sales Price: $237,820
Median Sales Price: $216,000
Pending Sales: 159
New Listings: 155
Active Listings: 125
Months of Inventory: 0.8
Information provided by The Real Estate Center at Texas A&M.